Consumer Behaviour in South Korea Essay Example | Topics and Well Written Essays - 1250 words

Consumer Behaviour in South Korea - Essay Example Even world-class businesses have failed to understand South Korean consumer behavior, but their culture has a big influence upon it. Introduction: The Importance of Consumer Behavior Research Understanding consumer behavior is a very important ability for marketers to have. This knowledge helps them plan marketing strategies that are effective for their target audience thereby increasing their ability to produce sufficient profits. Products have to be produced and presented in a manner that is appealing to potential buyers. In order to understand what the definition of appealing is to various consumers studies have to be undertaken that will reveal this information. Consumer behavior can vary greatly based on a wide variety of factors. Failure to understand consumer behavior has lead to the failure of many businesses and resulted in high amounts of monetary loss. To avoid the negative consequences of such ignorance, many companies perform market research before, during, and after the implementation of their plans. South Korea: Consumer Behavior and Culture One of the areas that have presented problems for companies seeking to expand their territories is the South Korean market. This is because consumer behavior is very different than that of those in other developed countries. South Korea has a culture all its own and it has effected consumer tastes. Companies who wish do business in this country and move hastily may find that they experience disastrous results. In order to properly and effectively enter into the South Korean market, companies should make sure that they perform thorough research. Even business giant Wal-Mart that has succeeded in establishing stores in many countries had to close and sell the stores that they opened in South Korea (Gandolfi & Strach 2009). The problem was that Wal-Mart had relied on the formula that had brought them so much success in other markets and failed to tailor their business to better suit the consumers in South Korea. The company, not accustomed to failure, had tried to save their sinking stores only to finally resign. While it is odd to think that a world-class company like Wal-Mart would lapse so greatly on a basic consideration like generation a proper understanding of the consumer behavior of the country in which they seek to practice business, that is exactly what happened. As Yakup (2011) reported, â€Å"International marketers believe that consumers would increasingly resemble each other and that they will eat the same food, wear same clothes, and watch the same television programs to an increasing proportion. But the reality is very different†. Somehow Wal-Mart assumed that they could peddle their culture in the South Korean market and be assimilated into it. However, South Korea consumers are not at all interested in adapting to a new culture in their own country. They, while being innovative consumers of products that fit in with their culture, have very traditional tastes. More specifically, the consumer behavior in South Korea reflects a preference to keep in line with what is culturally familiar. And, while it is true that many cultures can be divided into various sub-cultures that can be targeted and that people are subject to their own personal styles and tasted, the culture of South Korea is not individualistic. Rather, people there more or less follow the crowd. South Koreans carry more of a group identity, making it harder to introduce things of

Determine if there are similarities or differences with respect to the Essay

Determine if there are similarities or differences with respect to the treatment of Aboriginal youth by the governments of Canada and Australia, - Essay Example It is reported that the indigenous people have the highest incarceration rates in both countries as compared to any other lots. It is realized that the two governments treats and victimized offenders in the similar manner resulting from highest number of criminal activities undertaken by these indigenous groups. In Australia, statistics shows that 15.1 percent of the homicide victims are felt by the indigenous groups despite their less population of 2.2 percent of the Australian population and 15.7 percent of victimized offender’s results from same indigenous groups according to the 2011 Mouzous research (In Chall,& ProQuest Firm,1953, p.123). Aboriginal are also found in police custodies mainly because of violent and justice offences as compared to other lots who mainly being in custody for drug and traffic offences. Governments in both countries are thus find it necessary to detain more number of Aboriginals with Australian figure rated at 26 percent of all the people detained calculated to be 17 times that of non-indigenous persons. Australian government differs in terms of Aboriginal policing with that of Canada in the sense that indigenous policing systems seen to be relatively centralized divided into eight main police services with one attached to each state and territory and federal department. Unlike in Canada where there is correctional institutions and absence of federal-state split in sentences, Australian states are mandated to enactment of criminal laws and the policing programs are only within the state jurisdictions. Australian aboriginal have found themselves tasks with self-policing as well as hired as police officers after the discussion erupted on the failure of the government to include indigenous in such services but to use police services throughout course of Australian history in which police were universally expected to apply government policies to Aboriginal which led to Aboriginal